Palisade Asset Management LLC Takes $277,000 Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Palisade Asset Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the third quarter, Holdings Channel reports. The fund purchased 861 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 3.8% in the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after acquiring an additional 271,905 shares during the period. Cassaday & Co Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 2.1% in the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock valued at $1,150,762,000 after purchasing an additional 74,966 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 7.7% in the second quarter. LPL Financial LLC now owns 960,362 shares of the company’s stock valued at $301,755,000 after purchasing an additional 68,840 shares in the last quarter. Angeles Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 105.4% in the second quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after purchasing an additional 455,250 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock valued at $182,244,000 after purchasing an additional 2,623 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock opened at $335.89 on Friday. The stock has a market capitalization of $22.23 billion, a P/E ratio of 42.92 and a beta of 1.28. The company has a 50 day moving average price of $326.50 and a 200 day moving average price of $313.66. Vanguard Mega Cap Growth ETF has a fifty-two week low of $246.18 and a fifty-two week high of $342.22.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.